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Corporate Structure. The Association is a nonprofit
corporation organized in the State of Massachusetts and is exempt
from federal taxation. Its purposes, summarized, are to conduct an
annual conference, to educate assessing officers and, from its
income, to provide educational opportunities for assessors. The
business and affairs of the corporation are managed and controlled
by a Board of Directors and its day to day business is conducted by
its officers and Executive Committee.
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Membership. Its active membership is limited to persons
employed as public as-sessing officials or in a governmental
position related to the assessing field. Associate members are
persons who have retired from such public office and subscribing
members are persons who, while not qualified for active or associate
membership, are interested in the activities of the corporation.
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Meetings. An annual meeting of the membership is held at
each annual conference. Meetings of the Board of Directors are held
at each annual conference. Meetings of the Board of Directors are
held at each annual conference and between October 1 and November 15
of each year within a 100 mile radius of Boston, Massachusetts. No
notice of the membership meeting is given, since notice of the
annual conference serves as the same. At least fifteen (15) days
written notice of each Board of Directors meeting must be sent to
all members of the Board. The Board members, and committee chairman
are reimbursed their actual travel expenses only (not hotel or other
expenses) for attendance at the Boston area meeting, but no
reimbursement is made for attendance at the annual conference
meeting. Only Board members are permitted to remain at Board
Meetings. Any other guests are permitted at the meeting only for the
time during which a purpose for which they are at the meeting is
before the Board.
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Officers. The officers of the corporation are its
president, a president-elect, a vice-president, a secretary and a
treasurer. The president and vice-president must be members of the
host state or provincial association for the next scheduled annual
conference and the president-elect shall be a member of the host
state or provincial association for the following scheduled annual
conference. The president shall appoint the chairman and committee
members within (30) thirty days of his appointment. The secretary
and treasurer are usually not from the host state and are usually
re-elected to their positions so as to maintain some stability
within the organization.
The secretary, treasurer, membership chair, scholarship chair, awards
chair and web-master receive an annual stipend, but no other officers
are paid. The secretary should forward the minutes of the meeting
within (45) forty-five days of the date of the meeting.
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Annual Conference. Each annual conference is conducted by a host
state, which has full responsibility for the conference. Efforts are
made to tentatively select a host state at least five (5) years in
advance. The Conference Advisory Committee advises and assists each host
state in selecting a site for the conference. Progress reports are made
at each Board of Director’s meeting. Advances are made to each annual
conference committee from the treasury to cover expenses until such time
as monies for registration, etc. are received. Such advances are repaid
from the proceeds of the conferences. If a host state obtains the
approval of the Board of Directors to conduct an annual conference in
conjunction with a state conference, the host state committee must enter
into a written agreement with the corporation as to the division of the
costs and profits of the conference at least two (2) years prior to the
date of the conference.
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Finances. The corporation’s two sources of
income are membership dues and profits from the annual conference. Its
money is kept in three accounts, Membership Dues Account, Operating
Checking Account and the Educational Endowment Fund Account (Savings,
Money Market or C.D.). The Chairperson of the Membership Committee shall
return only the minimum balance required by the bank in which the
account is kept. All annual conference committees maintain their own
accounts and merely turn over net profits to the treasurer.
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Educational Endowment Fund. Whenever the operating amount exceeds
$10,000.00, the surplus is to be transferred to the endowment fund. At
each annual conference, names of the attendees are drawn at large and,
to the extent that income in the endowment fund permits, a number of
$250.00 to $500.00 scholarships for assessment or appraisal related
education courses or conferences are awarded.
a. Scholarship
Guidelines. Prior to the drawing, the NRAAO Board of Directors will
determine the amount of the scholarship and the number of scholarships
to be drawn. Reimbursement will be for costs up to the amount of the
scholarship. Scholarship is to be used within one year of notification.
Recipient must be a regular member in good standing six months prior to
selection. Recipient must be a registered member at the NRAAO annual
conference.
Recipient will be selected at the annual conference Board of
Directors meeting and announced at the banquet. Notification is to be
made within 30 days to each recipient by the scholarship committee.
Response is due back to the scholarship committee within 30 days in
writing. The Scholarship Committee shall notify winners concerning
reimbursement requirements.
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Committees. There are four standing
committees, which are the Executive Committee, Membership Committee,
Conference Advisory Committee, and Education Committee. In addition,
the president is empowered to appoint special committees as need for the
same arise.
The Executive Committee consists of the officers of the
corporation and it manages the business of the corporation between
meetings of the Board of Directors.
The Membership Committee actively
seeks new members and devises and implements methods of raising
membership.
The Conference Advisory Committee reviews proposed annual
conference sites, reports to the Board on the feasibility of such sites
and advises and assists annual conference committees as requested or
directed.
The actual travel and room expenses incurred by
the chairman or delegated member of the Conference Advisory Committee in reviewing
sites and advising and assisting an annual conference committee should
be reimbursed by the host state for any such expenses incurred in the
year of or year prior to each annual conference. All other such expenses
shall be reimbursed by the organization.
The Education Committee conducts
continuing education programs and assists annual conference
committees in presenting their education programs.
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Awards.
Catherine E. “Kay”
Pardee Award: At each conference, this award is presented to a
person(s) for exemplary service to the organization or the assessing
profession. The selection of award recipients is made immediately
following conclusion of the Fall Board of Directors’ Meeting by those
past presidents who attend such meeting. The Immediate Past President is
charged with notifying the Awards Chairman of the name of the
recipient(s) promptly following such selection. However, the
recipient(s) are not announced until the ban-quet held at each annual
conference and the award is then presented.
Sherry Vermilya Awards: These awards are presented annually to a
person from each state or province for outstanding service to the
assessment profession. The selection is made by the President, IAAO
Representative and NRAAO Representative from each state and province and
each NRAAO Representative is charged with notifying the Awards Chairman
of his or her state or provincial recipient no later than February 1 of
each year prior to each annual conference. The awards are then
presented at the opening breakfast on the Monday of each annual
conference.
Richard L. Prendergast Lifetime Achievement
Award: This
award is presented annually to the person that meets the criteria for
lifetime achievement. The Past-Presidents shall submit a nomination with
biography to the Awards Committee by March 1st. The Awards Committee
shall announce the winner at the opening breakfast.
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The Budget Advisory shall present a
proposed budget for all committees at the fall meeting.
| President |
Donations |
| IAAO |
Conference Committee |
| Membership Dues |
Web Site |
| Newsletter |
Scholarship |
| Treasurer |
Ad Hoc |
| Secretary |
Local Host Advance |
| Awards |
Local Host Return |
| Stipends |
Fall Meeting |
| Finance Committee |
|
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The Audit Committee
shall audit the books and records of the Treasurer and Chairperson of
the Membership Committee at each annual conference. The committee shall
consist of not less than three (3) members.
